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The project charter includes: The purpose and objectives of the project in clear, concise language. Requirements of the project, very high level, not much detail here. Project description, a paragraph or two that explains the project.
The project charter is formally accepted and approved by the project sponsor and other designated stakeholders. Formal approval acknowledges the completion, review and acceptance of all the deliverables produced during the Initiate Stage.
Typically signing of project charter is the responsibility of The project charter should be signed by someone with the authority to assign project resources and name the project manager, e.g. the Project Sponsor or the Senior Management but not the project managers themselves.
PMBOK Definition of Project Charter: A document issued by the project initiator or sponsor that formally authorizes the existence of a project, and provides a project manager with the authority to apply organizational resources to project activities.
The sponsor or the initiator signs the project charter. The PMBOK® Guide, 4th edition (new one) states: Projects are authorized by someone external to the project such as a sponsor, PMO or portfolio steering committee. The project initiator or sponsor should be at a level that is appropriate for funding the project.
The project charter is formally accepted and approved by the project sponsor and other designated stakeholders. Formal approval acknowledges the completion, review and acceptance of all the deliverables produced during the Initiate Stage.
The project charter establishes the authority assigned to the project manager, especially in a matrix management environment. It is considered industry best practice. The purpose of the project charter is to document: Reasons for undertaking the project. Objectives and constraints of the project.
PMBOK Definition of Project Charter: A document issued by the project initiator or sponsor that formally authorizes the existence of a project, and provides a project manager with the authority to apply organizational resources to project activities.
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